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Financial News Network
June 02, 2011 AT 7:45 PM
The Labor Department reported that U.S. applications for unemployment benefits fell slightly last week.Jobless claims fell to 422,000, from an upwardly revised 428,000 in the prior week. Economists had expected claims to drop to 418,000 in the week ended May 28.The average of new claims over the past four weeks fell 14,000 to 425,500, which is the lowest level in more than a month.